Double disappointment for World No.1 Djokovic

World number one Novak Djokovic won his singles clash in the Hopman Cup final but Spain took the title.

Story highlights

Novak Djokovic's Serbia beaten by Spain in Hopman Cup final

Djokovic and Ana Ivanovic beaten in deciding mixed doubles in Perth

World No.1 won his singles match against Fernando Verdasco

Tournament Djokovic owns in Serbia has been axed from 2013 ATP schedule

World No.1 Novak Djokovic ended up on the losing side in the Hopman Cup final Saturday just 24 hours after it was announced that the ATP 250 tournament he owned back in his native Serbia had folded.

Djokovic and former World No.1 Ana Ivanovic were beaten in the deciding mixed doubles 6-4 7-5 by Fernando Verdasco and Anna Medina Garrigues as Spain won the final 2-1 to claim the trophy at the mixed team event in Perth.

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Djokovic had opted not to play in his own event, dramatically reducing its appeal.

A statement by Djokovic's Family Sport company, the tournament organizers, was posted on the official ATP Tour website to confirm the decision, but without giving any reasons.

"We have made the most rational decision considering the circumstances. We are grateful for everyone's contribution and help in running this event that brought a lot of international stars and attention to Serbia," it read.

"Unfortunately, we will not be able to run the Belgrade tournament and we have decided to cease the tournament's operations from 2013."

Djokovic has suffered mixed fortunes since arriving in Australia for the defense of the title at the opening grand slam of the season later this month.